SlideShare a Scribd company logo
1 of 9
Insurance  Principles & Applications J. Karthikeyan, Director, Finerva
History of Insurance Insurance as a form originated during 13th and 14th Century. Indiaโ€ฆ.. 	First Life Insurance company: 	Sun Insurance Office Ltd. Kolkata (1710) First Indian  Insurance Company 	Bombay Mutual Life Society Limited (1870)
Insurance A Tool for Risk Management Functions based on Principles Law of Large Numbers Law of Indemnity Law of Utmost Good Faith Law of Insurable Interest
Do I Need Insurance? Do you love your loved ones till you are alive or till they are alive? Needs Milestone Planning Income Replacement Retirement Planning
ULIPs โ€“ The Talk of Town (Industry) Premium Mortality Admin Charges Investment
LifeTime Super  Unique Selling Proposition Flexibility Premium Amount Life Cover Liquidity Premium Payment term
Closing Remarks Why I sell Insurance? What you can do? Be aware of risks Protect Yourself and Your Loved Ones Tell Others
Queries Thank you!!! FINERVATM
Insurance principles applications

More Related Content

Viewers also liked (8)

Principles of Insurance
Principles of Insurance Principles of Insurance
Principles of Insurance
ย 
Chapter 2 players in the market
Chapter 2 players in the marketChapter 2 players in the market
Chapter 2 players in the market
ย 
Indemnity & Guarantee
Indemnity & GuaranteeIndemnity & Guarantee
Indemnity & Guarantee
ย 
Principles of insurance
Principles  of  insurancePrinciples  of  insurance
Principles of insurance
ย 
Chapter 01 concepts and principles of insurance
Chapter 01   concepts and principles of insuranceChapter 01   concepts and principles of insurance
Chapter 01 concepts and principles of insurance
ย 
Principles of insurance filnal
Principles of insurance filnalPrinciples of insurance filnal
Principles of insurance filnal
ย 
Risk Management and Insurance
Risk Management and InsuranceRisk Management and Insurance
Risk Management and Insurance
ย 
Types of Insurance
Types of Insurance Types of Insurance
Types of Insurance
ย 

More from financialeducation

Life insurance selling
Life insurance sellingLife insurance selling
Life insurance selling
financialeducation
ย 
House to rent_or_ buy
House to rent_or_ buyHouse to rent_or_ buy
House to rent_or_ buy
financialeducation
ย 
Fundamentals of personal_finance
Fundamentals of personal_financeFundamentals of personal_finance
Fundamentals of personal_finance
financialeducation
ย 
Financial planning executive_secretaries
Financial planning executive_secretariesFinancial planning executive_secretaries
Financial planning executive_secretaries
financialeducation
ย 
Donts of personal_finance
Donts of personal_financeDonts of personal_finance
Donts of personal_finance
financialeducation
ย 
Yeah yeah personal_finance
Yeah yeah personal_financeYeah yeah personal_finance
Yeah yeah personal_finance
financialeducation
ย 
Wealth creation strategies
Wealth creation strategiesWealth creation strategies
Wealth creation strategies
financialeducation
ย 
Personal finance young_adults
Personal finance young_adultsPersonal finance young_adults
Personal finance young_adults
financialeducation
ย 
Myths personal finance
Myths personal financeMyths personal finance
Myths personal finance
financialeducation
ย 

More from financialeducation (20)

Me and my_finance
Me and my_financeMe and my_finance
Me and my_finance
ย 
Life insurance selling
Life insurance sellingLife insurance selling
Life insurance selling
ย 
Investment planning
Investment planningInvestment planning
Investment planning
ย 
Investment management
Investment managementInvestment management
Investment management
ย 
Intro to personal_finance_wealth
Intro to personal_finance_wealthIntro to personal_finance_wealth
Intro to personal_finance_wealth
ย 
Inflation demystified
Inflation demystifiedInflation demystified
Inflation demystified
ย 
Indirect taxes valuation_for_excise
Indirect taxes valuation_for_exciseIndirect taxes valuation_for_excise
Indirect taxes valuation_for_excise
ย 
House to rent_or_ buy
House to rent_or_ buyHouse to rent_or_ buy
House to rent_or_ buy
ย 
Fundamentals of personal_finance
Fundamentals of personal_financeFundamentals of personal_finance
Fundamentals of personal_finance
ย 
Finerva template
Finerva templateFinerva template
Finerva template
ย 
Financial planning executive_secretaries
Financial planning executive_secretariesFinancial planning executive_secretaries
Financial planning executive_secretaries
ย 
Financial markets
Financial marketsFinancial markets
Financial markets
ย 
Donts of personal_finance
Donts of personal_financeDonts of personal_finance
Donts of personal_finance
ย 
Derivatives in india
Derivatives in indiaDerivatives in india
Derivatives in india
ย 
Yeah yeah personal_finance
Yeah yeah personal_financeYeah yeah personal_finance
Yeah yeah personal_finance
ย 
Wealth creation strategies
Wealth creation strategiesWealth creation strategies
Wealth creation strategies
ย 
Wealth creation
Wealth creationWealth creation
Wealth creation
ย 
Union budget 2009-10
Union budget 2009-10Union budget 2009-10
Union budget 2009-10
ย 
Personal finance young_adults
Personal finance young_adultsPersonal finance young_adults
Personal finance young_adults
ย 
Myths personal finance
Myths personal financeMyths personal finance
Myths personal finance
ย 

Recently uploaded

QATAR Pills for Abortion -+971*55*85*39*980-in Dubai. Abu Dhabi.
QATAR Pills for Abortion -+971*55*85*39*980-in Dubai. Abu Dhabi.QATAR Pills for Abortion -+971*55*85*39*980-in Dubai. Abu Dhabi.
QATAR Pills for Abortion -+971*55*85*39*980-in Dubai. Abu Dhabi.
hyt3577
ย 
FOREX FUNDAMENTALS: A BEGINNER'S GUIDE.pdf
FOREX FUNDAMENTALS: A BEGINNER'S GUIDE.pdfFOREX FUNDAMENTALS: A BEGINNER'S GUIDE.pdf
FOREX FUNDAMENTALS: A BEGINNER'S GUIDE.pdf
Cocity Enterprises
ย 
abortion pills in Jeddah Saudi Arabia (+919707899604)cytotec pills in Riyadh
abortion pills in Jeddah Saudi Arabia (+919707899604)cytotec pills in Riyadhabortion pills in Jeddah Saudi Arabia (+919707899604)cytotec pills in Riyadh
abortion pills in Jeddah Saudi Arabia (+919707899604)cytotec pills in Riyadh
samsungultra782445
ย 
abortion pills in Riyadh Saudi Arabia (+919707899604)cytotec pills in dammam
abortion pills in Riyadh Saudi Arabia (+919707899604)cytotec pills in dammamabortion pills in Riyadh Saudi Arabia (+919707899604)cytotec pills in dammam
abortion pills in Riyadh Saudi Arabia (+919707899604)cytotec pills in dammam
samsungultra782445
ย 

Recently uploaded (20)

Pension dashboards forum 1 May 2024 (1).pdf
Pension dashboards forum 1 May 2024 (1).pdfPension dashboards forum 1 May 2024 (1).pdf
Pension dashboards forum 1 May 2024 (1).pdf
ย 
Significant AI Trends for the Financial Industry in 2024 and How to Utilize Them
Significant AI Trends for the Financial Industry in 2024 and How to Utilize ThemSignificant AI Trends for the Financial Industry in 2024 and How to Utilize Them
Significant AI Trends for the Financial Industry in 2024 and How to Utilize Them
ย 
Bhubaneswar๐ŸŒนRavi Tailkes โคCALL GIRLS 9777949614 ๐Ÿ’Ÿ CALL GIRLS IN bhubaneswar ...
Bhubaneswar๐ŸŒนRavi Tailkes  โคCALL GIRLS 9777949614 ๐Ÿ’Ÿ CALL GIRLS IN bhubaneswar ...Bhubaneswar๐ŸŒนRavi Tailkes  โคCALL GIRLS 9777949614 ๐Ÿ’Ÿ CALL GIRLS IN bhubaneswar ...
Bhubaneswar๐ŸŒนRavi Tailkes โคCALL GIRLS 9777949614 ๐Ÿ’Ÿ CALL GIRLS IN bhubaneswar ...
ย 
Responsible Finance Principles and Implication
Responsible Finance Principles and ImplicationResponsible Finance Principles and Implication
Responsible Finance Principles and Implication
ย 
Test bank for advanced assessment interpreting findings and formulating diffe...
Test bank for advanced assessment interpreting findings and formulating diffe...Test bank for advanced assessment interpreting findings and formulating diffe...
Test bank for advanced assessment interpreting findings and formulating diffe...
ย 
QATAR Pills for Abortion -+971*55*85*39*980-in Dubai. Abu Dhabi.
QATAR Pills for Abortion -+971*55*85*39*980-in Dubai. Abu Dhabi.QATAR Pills for Abortion -+971*55*85*39*980-in Dubai. Abu Dhabi.
QATAR Pills for Abortion -+971*55*85*39*980-in Dubai. Abu Dhabi.
ย 
W.D. Gann Theory Complete Information.pdf
W.D. Gann Theory Complete Information.pdfW.D. Gann Theory Complete Information.pdf
W.D. Gann Theory Complete Information.pdf
ย 
falcon-invoice-discounting-unlocking-prime-investment-opportunities
falcon-invoice-discounting-unlocking-prime-investment-opportunitiesfalcon-invoice-discounting-unlocking-prime-investment-opportunities
falcon-invoice-discounting-unlocking-prime-investment-opportunities
ย 
FOREX FUNDAMENTALS: A BEGINNER'S GUIDE.pdf
FOREX FUNDAMENTALS: A BEGINNER'S GUIDE.pdfFOREX FUNDAMENTALS: A BEGINNER'S GUIDE.pdf
FOREX FUNDAMENTALS: A BEGINNER'S GUIDE.pdf
ย 
Shrambal_Distributors_Newsletter_May-2024.pdf
Shrambal_Distributors_Newsletter_May-2024.pdfShrambal_Distributors_Newsletter_May-2024.pdf
Shrambal_Distributors_Newsletter_May-2024.pdf
ย 
abortion pills in Jeddah Saudi Arabia (+919707899604)cytotec pills in Riyadh
abortion pills in Jeddah Saudi Arabia (+919707899604)cytotec pills in Riyadhabortion pills in Jeddah Saudi Arabia (+919707899604)cytotec pills in Riyadh
abortion pills in Jeddah Saudi Arabia (+919707899604)cytotec pills in Riyadh
ย 
Stock Market Brief Deck (Under Pressure).pdf
Stock Market Brief Deck (Under Pressure).pdfStock Market Brief Deck (Under Pressure).pdf
Stock Market Brief Deck (Under Pressure).pdf
ย 
FE Credit and SMBC Acquisition Case Studies
FE Credit and SMBC Acquisition Case StudiesFE Credit and SMBC Acquisition Case Studies
FE Credit and SMBC Acquisition Case Studies
ย 
cost-volume-profit analysis.ppt(managerial accounting).pptx
cost-volume-profit analysis.ppt(managerial accounting).pptxcost-volume-profit analysis.ppt(managerial accounting).pptx
cost-volume-profit analysis.ppt(managerial accounting).pptx
ย 
abortion pills in Riyadh Saudi Arabia (+919707899604)cytotec pills in dammam
abortion pills in Riyadh Saudi Arabia (+919707899604)cytotec pills in dammamabortion pills in Riyadh Saudi Arabia (+919707899604)cytotec pills in dammam
abortion pills in Riyadh Saudi Arabia (+919707899604)cytotec pills in dammam
ย 
Group 8 - Goldman Sachs & 1MDB Case Studies
Group 8 - Goldman Sachs & 1MDB Case StudiesGroup 8 - Goldman Sachs & 1MDB Case Studies
Group 8 - Goldman Sachs & 1MDB Case Studies
ย 
Collecting banker, Capacity of collecting Banker, conditions under section 13...
Collecting banker, Capacity of collecting Banker, conditions under section 13...Collecting banker, Capacity of collecting Banker, conditions under section 13...
Collecting banker, Capacity of collecting Banker, conditions under section 13...
ย 
Call Girls Howrah ( 8250092165 ) Cheap rates call girls | Get low budget
Call Girls Howrah ( 8250092165 ) Cheap rates call girls | Get low budgetCall Girls Howrah ( 8250092165 ) Cheap rates call girls | Get low budget
Call Girls Howrah ( 8250092165 ) Cheap rates call girls | Get low budget
ย 
uk-no 1 kala ilam expert specialist in uk and qatar kala ilam expert speciali...
uk-no 1 kala ilam expert specialist in uk and qatar kala ilam expert speciali...uk-no 1 kala ilam expert specialist in uk and qatar kala ilam expert speciali...
uk-no 1 kala ilam expert specialist in uk and qatar kala ilam expert speciali...
ย 
Black magic specialist in Canada (Kala ilam specialist in UK) Bangali Amil ba...
Black magic specialist in Canada (Kala ilam specialist in UK) Bangali Amil ba...Black magic specialist in Canada (Kala ilam specialist in UK) Bangali Amil ba...
Black magic specialist in Canada (Kala ilam specialist in UK) Bangali Amil ba...
ย 

Insurance principles applications

  • 1. Insurance Principles & Applications J. Karthikeyan, Director, Finerva
  • 2. History of Insurance Insurance as a form originated during 13th and 14th Century. Indiaโ€ฆ.. First Life Insurance company: Sun Insurance Office Ltd. Kolkata (1710) First Indian Insurance Company Bombay Mutual Life Society Limited (1870)
  • 3. Insurance A Tool for Risk Management Functions based on Principles Law of Large Numbers Law of Indemnity Law of Utmost Good Faith Law of Insurable Interest
  • 4. Do I Need Insurance? Do you love your loved ones till you are alive or till they are alive? Needs Milestone Planning Income Replacement Retirement Planning
  • 5. ULIPs โ€“ The Talk of Town (Industry) Premium Mortality Admin Charges Investment
  • 6. LifeTime Super Unique Selling Proposition Flexibility Premium Amount Life Cover Liquidity Premium Payment term
  • 7. Closing Remarks Why I sell Insurance? What you can do? Be aware of risks Protect Yourself and Your Loved Ones Tell Others